Reinsurance News
Mergers & acquisitions news
Reinsurance mergers and acquisitions news, covering details of M&A transactions in the works and completed, between insurance, reinsurance and related companies.
Skyward Specialty introduces new holding company following Apollo acquisition
6th January 2026
Skyward Specialty Insurance Group, Inc., a property and casualty specialist insurer, has introduced Skyward Group as the unified brand for the holding company following the successful completion of its acquisition of Lloyd’s specialist Apollo Group Holdings Limited. On 3rd September 2025, Skyward Specialty entered into a definitive agreement to acquire ... Read the full article
SageSure completes acquisition of Gemini Financial and Olympus subsidiaries
6th January 2026
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, has completed the acquisition of Gemini Financial Holdings Corporation and its Olympus subsidiaries. In September 2025, SageSure entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent for ... Read the full article
Admiral Group completes sale of US motor business Elephant to J.C. Flowers
5th January 2026
UK domiciled insurer Admiral Group has completed the sale of its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services (Elephant), to J.C. Flowers & Co., a global private investment firm dedicated to investing in the financial services industry. Admiral initially announced the deal back in April ... Read the full article
Howden to acquire representations and warranties insurance broker Atlantic Group
5th January 2026
Insurance and reinsurance broking group Howden has agreed to acquire Atlantic Global Risk LLC, an independent transaction liability insurance broker headquartered in New York, US. Since its establishment in 2017, Atlantic Group has rapidly expanded to become a top-five broker in the North American transaction liability market. With an expert team of ... Read the full article
The Baldwin Group and CAC complete merger worth $1.03bn
5th January 2026
The Baldwin Group, an independent insurance brokerage and advisory firm, and CAC Group, a national middle-market insurance broker and advisor, comprising CAC Specialty and CAC Agency, have completed the previously announced merger, with a total upfront consideration of $1.026 billion. To recap, this merger is expected to create one of ... Read the full article
Travelers completes sale of Canadian personal & majority of commercial arm to Definity
5th January 2026
The Travelers Companies, Inc., a provider of property and casualty insurance, has completed the sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation for approximately $2.4 billion. The sale was initially announced in May 2025. Travelers has retained ... Read the full article
Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics
2nd January 2026
Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia. The announcement was made by ERGO International AG, the segment managing the group’s international business ... Read the full article
Skyward Specialty completes acquisition of Apollo for $555m
2nd January 2026
Skyward Specialty Insurance Group, Inc., a property and casualty (P&C) specialist insurer, has completed its acquisition of Lloyd’s specialist Apollo Group Holdings Limited at the previously agreed terms. Launched in 2009, Apollo is a US-focused specialty underwriting platform operating at Lloyd’s of London. It offers products across Property, Casualty, Marine, Energy ... Read the full article
Willis Re expects further easing of conditions, greater competition & continued new supply in 2026
31st December 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a softening in reinsurance pricing over 2025, with ... Read the full article
IK Partners acquires majority stake in French insurance broker Ascora
31st December 2025
IK Partners, a European private equity firm, has announced that its IK Small Cap IV Fund has acquired a majority stake in Ascora Group, a French multi-specialist insurance broker. The transaction, structured as a management buyout (MBO), is designed to facilitate the succession of the company’s founder while accelerating the Group’s ... Read the full article
Verisk withdraws from AccuLynx acquisition
30th December 2025
Verisk, a data analytics and technology provider to the insurance and energy industries, has terminated its definitive agreement to purchase AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contractors with expertise in roofing. This decision follows the notification by the Federal Trade Commission (FTC) was unable to ... Read the full article
JAB Insurance to acquire Utmost Group’s Life and Pensions business
29th December 2025
JAB Insurance, the global insurance business of JAB Holding Company, has entered into a definitive agreement to acquire from Utmost Group plc its Life and Pensions (ULP) business. ULP is a UK life and pensions platform with more than £5 billion of assets under management and serving approximately 290,000 pensioners. The platform ... Read the full article
Freedom to buy outstanding shares of Concert
24th December 2025
The shareholders of Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, have agreed to allow founding shareholder Freedom Underwriters LLC (Freedom) to purchase all outstanding shares from current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century). This ... Read the full article
AM Best places Vantage ratings under review following HHH acquisition
22nd December 2025
AM Best has placed Vantage Risk Ltd. (Bermuda) and its affiliates’ credit ratings under review with developing implications, following the announcement that Howard Hughes Holdings (HHH) will acquire Vantage Group from Carlyle and Hellman & Friedman. These include the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings ... Read the full article
Permira and Warburg Pincus-led investor group acquires Clearwater for $8.4bn
22nd December 2025
Clearwater Analytics (CWAN) has agreed to be acquired by an investor group led by Permira and Warburg Pincus, with participation from Temasek, in a transaction valued at approximately $8.4 billion. The deal also has key support from Francisco Partners. Following a process that included engagement with strategic and financial sponsors, the ... Read the full article
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